EUR/GBP — News Archive

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Pound Gains on Dollar, Remains Weak Against Other Majors

The Great Britain pound rose against the US dollar during Tuesday’s trading but fell against other currencies, including the euro.

Sterling Remains Vulnerable to Brexit Uncertainty

The Great Britain pound fell against the US dollar intraday but has recovered by now. The sterling was more soft against other currencies, driven down by the Brexit uncertainties.

British Pound Weakens Against US Dollar on Brexit Uncertainties

The British pound today weakened against the US dollar as it reacted to uncertainties related to the UK government’s stance on the Brexit negotiations. The pound was weakened further by a rally in the euro, which was triggered by positive Eurozone PMI data, and market expectations of a QE tapering announcement by the European Central Bank.

EUR/USD Prints Fresh Highs on Positive Eurozone PMI Data

The EUR/USD currency pair today hit new highs during the late European session and into the North American session after the release of positive Markit Flash Eurozone PMI data. The pair’s rally was also attributed to the weaker US dollar, which was under intense selling pressure after Donald Trump threatened a government shutdown during a rally in Arizona.

EUR/USD Down After Economic Sentiment Disappoints

The euro fell against the US dollar today after the economic sentiment indicators for Germany and the whole eurozone disappointed. The currency fared better against most other rivals, even gaining on the vulnerable Great Britain pound.

Great Britain Pound Mixed as Brexit Continues to Weigh

The Great Britain pound was mixed today as uncertainty associated with the Brexit continued to weigh on the currency.

British Pound Declines as UK Inflation Data Misses Estimates

The British pound declined against most of its major peers on Tuesday following the release of two reports that revealed that inflation in the United Kingdom remained dormant in July. The British currency weakened further against the greenback as strong US retail sales numbers surprised investors.

Bank of England Makes Pound End Week Extremely Soft

While US nonfarm payrolls were arguably the most important economic release for the Forex market during the past trading week, the Bank of England policy meeting held special significance for the Great Britain pound.

Pound Heads to Worst Two Days in Almost a Month

The Great Britain pound fell against its most-traded rivals during the Friday’s trading session as better-than-expected US nonfarm payrolls prompted market participants to trim long positions on other currencies.

Euro Little Changed as Data Mixed, Traders Wait for NFP

The euro was little changed during the current trading session as economic data released in the eurozone was mixed. Besides, traders were cautious of adding positions ahead of US nonfarm payrolls due to release later today.

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